MKR/USDT(SHORT Opportunity)
Previously i posted an analysis of MKRUSDT decribing the Ranges. All the mentioned ranges played there role accurately.
Now, MKR is trying to break its Resistance ZONE of 1240.We will not short here as it is already tested thrice now and getting weaker and weaker.So, there is a high probablity that it will break this level and will travel to the next resistance zone of 1290.Its safe to have a SHORT postion there as its a tough zone to get through.
ENTRY : 1280-1300
Take Profit : 1)1230-1245
2)1190-1180
Stop Loss : 1315
Risk:Reward=2:3
Stay Patinet
Stay Safe
Now, MKR is trying to break its Resistance ZONE of 1240.We will not short here as it is already tested thrice now and getting weaker and weaker.So, there is a high probablity that it will break this level and will travel to the next resistance zone of 1290.Its safe to have a SHORT postion there as its a tough zone to get through.
ENTRY : 1280-1300
Take Profit : 1)1230-1245
2)1190-1180
Stop Loss : 1315
Risk:Reward=2:3
Stay Patinet
Stay Safe
Note
Taeke Profit 1 reaached guyz.Enjoy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.